U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EXEMPT SOLICITATION
|Name of the registrant:
Exxon Mobil Corporation
|Name of person relying on exemption:
Connecticut Retirement Plans and Trust Funds
|Address of person relying on exemption:
55 Elm Street, Hartford, Connecticut 06106-1773
|Written Materials: (Attach written materials required to be submitted pursuant to
|The following written materials are attached:
|Email letter dated May 15, 2008 from Denise L. Nappier, Connecticut State
Email Letter from Connecticut State Treasurer Denise L. Nappier to members of the Investor Network
on Climate Risk Re Exxon Mobil
May 15, 2008
Dear Fellow INCR Investor:
I am writing to ask your support in urging the Board of Directors of Exxon Mobil to be responsive
to its shareholders. Investors have been seeking a more responsive board for a number of years
and this year we can again send this message by voting for Shareholder Resolution # 5 asking the
company to separate the positions of chairman of the board and CEO, and to name an independent
director as chair.
I believe that the job of the CEO of any corporation is to manage the day-to-day operations of the
company, and the job of the Board is to oversee management on behalf of and for the benefit of
shareholders. As you know, this is not a new concern, but it is more urgent than ever. At the 2007
meeting of Exxon Mobil, I moved adoption of this resolution, which achieved 40% shareholder support
at that time. Bob Monks has again submitted this proposal, and I urge your support again this year.
In November, 2005 I wrote to Michael Boskin, chair of Exxon Mobils Public Issues committee. In
that letter I said:
In recent years, numerous institutional investors, including my office, have been in
communication with the management of Exxon Mobil regarding the financial ramifications of
climate change, and we have been joined by other investors in co-filing resolutions on the
subject in 2003, 2004, and 2005. Company management and members of the Board of Directors
have opposed those resolutions.
One fundamental element that has been missing in the multi-year back-and-forth exchange
between Exxon Mobil and its shareholders is direct dialogue with independent members of the
Board. While shareholder resolutions certainly reflect the concerns of shareholders and
can form the basis for broad discussion of critical issues, they are no substitute for a
productive, ongoing two-way dialogue.
It has been two and a half years since this letter, (and four follow-up letters), and the situation
remains the same. We have continued to try to meet with the chair of the Exxon Mobil Public Issues
Committee which has climate change on its agenda. We have not been permitted to do so.
Accessibility to an independent board chair who takes seriously the concerns of the companys
shareholders is essential. And whether the concern is climate change and
sustainability or another pressing issue, the board owes it to the shareholders and to the
companys future viability to listen. Unfortunately, the current governance and management
culture however well it may have served Exxon Mobil in the past is allowing the chair to turn
a deaf ear, and this will only hinder the companys ability to act with vision and profitability in
Thank you very much for your time and consideration of this urgent matter. Please do not hesitate
to contact me directly, or Don Kirshbaum (at 860/702-3164) with any concerns or comments.
Denise L. Nappier
This is NOT a proxy solicitation and no proxies will be accepted. Please DO NOT send your
proxy cards to the Proponents or the Connecticut State Treasurers Office.